Law firm is believed to be the first employer ever to offer employee benefits through an NFT
CHERRY HILL, N.J., Dec. 7, 2022 /PRNewswire-PRWeb/ -- Grungo Colarulo, LLC, a New Jersey-based law firm that was the first personal injury law firm to have opened an office in the metaverse, today announced that it has gifted CryptoMories non-fungible tokens (NFTs) to its employees as year-end bonuses that will provide them and their family members unlimited mental health services. In doing so, Grungo Colarulo is believed to be not just the first law firm but the first employer ever to offer employee benefits through an NFT.
The firm's decision to provide mental health-related employee benefits was strongly influenced by the continued mental health struggles faced by lawyers and staff at large and small law firms alike, as well as recent deaths by suicide of high-profile lawyers in the Northeast United States.
"The practice of law is hard on the minds, bodies, and souls of lawyers and law firm staff members, but few law firms seem willing to step up to help tackle head-on the legal industry's mental health issues," said Richard Grungo, Jr., a founding partner at Grungo Colarulo, LLC. "Grungo Colarulo is willing and able to take on this task. The physical and mental health of the Grungo Colarulo team is the leadership team's number one priority, both because the firm's first core value is 'Family First,' and because our team members are vital to our firm's ability to serve and secure favorable results for our clients."
Grungo Colarulo will gift 30+ CryptoMories NFTs to its seven attorneys and its entire staff. The mental health services will be provided by Impact Suite, which teamed up with CryptoMories earlier this year to provide mental health services to CryptoMories holders. Impact Suite provides a suite of comprehensive mental health and wellness apps that allow users to, among other things, schedule teletherapy appointments, message lifestyle coaches, track wellness metrics, and access mindfulness and meditation practices, all of which can be used anonymously.
Notably, these NFTs provide Grungo Colarulo employees mental health services based on their ownership of their NFT and not because they are employees of the firm. Their employment with the firm has no bearing on their continued access to these services. Should they leave the firm, their access will not be affected so long as Impact Suite and CryptoMories continue their partnership. Additionally, because the NFTs are assets that can be sold or transferred, Grungo Colarulo employees have complete flexibility on how they proceed.
Rich Grungo added, "They can use the benefits, sell the CryptoMorie if it appreciates in value, or transfer the CryptoMorie and its underlying benefits to someone they think may need the benefits more than they do. These benefits are not tied to their employment. Think about that!"
"CryptoMories' mental health outreach and groundbreaking innovation in real-life utility, including free unlimited teletherapy from licensed therapists, came from our desire to elevate the entire industry," said Bob "RxZen" Koyagi, the mental wellness outreach lead at CryptoMories. "As far as we can tell, Grungo Colarulo is the first company to grant employee benefits through an NFT in the history of mankind. There isn't a precedent for this."
"From the beginning of our partnership with CryptoMories, we knew that we were breaking new ground when it came to the way people access mental health resources," said Clay Olsen, Founder and CEO of Impact Suite. "It's thrilling to see that taken a step further by Grungo Colarulo. We're excited to be part of this revolutionary new approach to employee wellness."
Grungo Colarulo will help educate all recipients on how to set up and secure digital wallets and they will learn how to utilize the features of Impact Suite.
"The CryptoMories community and project is, in my opinion, unlike any other," said Lance Wyllie, Marketing Director at Grungo Colarulo LLC. "We are taking advantage of the unique value proposition that NFTs can provide holders. This is an exciting step forward as a traditional law firm and Web 2.0 company utilizes Web 3.0 technology to benefit employees."
About Grungo Colarulo, LLC
Grungo Colarulo, LLC is a New Jersey-based law firm with offices in Cherry Hill, N.J., Philadelphia, PA, Medford, N.J., Hamilton Square, N.J., and Vineland, N.J. The firm's team of over 30 members focuses on helping their clients seek justice for the injuries they and their loved ones have suffered, including injuries suffered at work, through employment discrimination, at nursing homes, and as a result of sexual abuse or neglect at the hands of an individual or an organization. Richard Grungo, Jr., a founding partner of the firm, is Certified by the Supreme Court of New Jersey as Civil Trial Attorney, a designation held by less than 2.5% of New Jersey lawyers. For more information, please visit https://www.gcinjurylaw.com.
Richard Grungo, Jr., is also the founder of LawCity.Com, LLC. LawCity.Com is the trade name for Meta Productions, LLC, a vertically integrated NFT-based Web 3.0 company. Rich has been recognized as a digital pioneer in the legal industry by numerous media outlets, including the ABA Journal, Fortune, Law360, Legaltech News, NJBIZ, and The American Lawyer. GQ even called him a "metahustler."
Richard Grungo, Grungo Colarulo, 1 856.528.4494, [email protected]
SOURCE Grungo Colarulo
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